Gannett Blog reports that the media company might be preparing for more across-the-board layoffs.
The blog, which has done a good job predicting previous layoffs, says it receives a comment recently from one its best sources that says:
1. Principal executive and Chief Financial Officer Gracia Martore has ordered layoffs across the board from U.S. Community Publishing to USA Today, Corporate and the Broadcasting division. 2. On top of layoffs, salary reductions will happen in the broadcast division: a 10% salary reduction. 3. No new furloughs for the rest of the year. 4. Layoffs are scheduled for July 8. Estimated to be 4,500 for U.S. Community Publishing.
Community Publishing is the division that publishes newspaper like the Arizona Republic.
Jim Hopkins of Gannett Blog sent an inquiry about the potential layoffs to a Gannett official, but hasn't learned yet whether his commenter is accurate. Suffice to say, this isn't exactly an unbelievable rumor.
Keep Phoenix New Times Free... Since we started Phoenix New Times, it has been defined as the free, independent voice of Phoenix, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Phoenix with no paywalls.